Floating Currency
What could stop the momentum of cryptocurrency?
MMillions of crypto investors, speculators, and enthusiasts have bought and sold cryptocurrency over the past decade, hoping that crypto would be both a powerful investment and a currency of the future. As a result, the cryptocurrency market is booming. Bitcoin, the most recognizable crypto name, has risen from a low of around $5,000 in March …
US Inflation Soars to 7%, So Deploy Bitcoin as a Hedge
Inflation: Wherever you go shopping, prices continue to rise, from groceries to housing, electricity and more. After a record 7.1% year-on-year rise in the CPI, the highest for the first time since 1982, US households may begin to wonder how they can protect and even grow their hard-earned cash against the rise. of inflation. Creeping …
Banks park Rs 4.3 trillion Rs 5 trillion at floating rate at reverse repo close
On Friday, banks deposited 4.31 trillion rupees of their excess funds with the Reserve Bank of India (RBI) at a threshold of 3.99%, virtually contacting the repo rate, showing that foreign exchange market rates will not fall in a hurry even as the RBI abandons its cash-absorbing mode. The central bank had stunned the bond …
Economy expected to grow 6.9% in next fiscal year: BM
Bangladesh’s economy is expected to grow by 6.9% in FY 2022-23 on strong export growth and a rebound in domestic demand, the World Bank (WB) said in its World Economic Outlook. released on Tuesday. “In Bangladesh, strong export growth, supported by the return of demand for garments from abroad, and a rebound in domestic demand …
MARKET REPORT: the technological crisis places the Nasdaq in correctional territory
Tech stocks fell again as the prospect of a faster rate hike from the Federal Reserve caused panic in markets. The Nasdaq Composite Index on Wall Street, which is dominated by tech giants, fell more than 2% early in the session amid concerns that some stock prices were inflated by the influx of new printed …
Why bank loans look attractive in today’s market
KanawatTH / iStock via Getty Images By Reema Agarwal, CFA, Director, Floating Rate Debt, Franklin Templeton Fixed Income The technical and fundamental situation appears favorable for bank lending for a number of reasons, according to Reema Agarwal, director of floating rate debt at Franklin Templeton Fixed Income. She says current spreads look attractive in what …
What’s so bad about Devo Max? Let’s put it on an Indyref2 newsletter
WHEN both sides of Scotland’s political divide oppose an idea, you know it’s probably half-decent. British nationalists and Scottish nationalists have pounced on themselves to attack the recent hesitation of the suggestion that any future independence referendum contains a third option: “Devo Max”. Full transparency as always with me: regular readers will know that I …
The new year will see gradual growth in the IT industry
Here we are in a bright and shiny new year. Let’s see what this one could bring. – I’ll start with virtual reality. The past year has been slow and gradual until the end. Facebook announced Meta and it seemed to excite current venture capitalists and VR makers, and sparked new vigor in the market. …
FY22 budget deficit could narrow with higher tax collection, India Ratings says
Global developments 2022 appears to start with a sense of global risk that continues despite a surge in COVID cases across the world. Although US nominal yields have risen in the short end, real rates remain deep in negative territory. This weighs on the dollar which has weakened overall except against the JPY which is …
Recovery, higher credit score, Rimac and major projects mark the Croatian economy in 2021
ZAGREB, January 1, 2021 – The rebound of the corona crisis, the improvement in the country’s credit rating as well as a rise in inflation marked the economic trends in Croatia in 2021. After 2020, which will be remembered for the efforts to stem the COVID-19 pandemic and for the devastating earthquakes that hit the …